Biden Administration

More than anything else, that may prove a decisive element in ending the partisan standoff.

Some Senate Democrats are pushing the Biden administration to impose tough limits on hydrogen tax credits they say will ensure the fuel lives up to its climate-fighting potential.

McCarthy has told Biden that he did not intend to retreat from public refusals to accept additional taxes as part of an agreement.

The Treasury Secretary Janet Yellen underscored the urgency of the White House reaching a deal with Republicans to raise the debt limit.

The Inflation Reduction Act encourages automakers to manufacture electric cars in the U.S.

Republicans rejected a Democratic proposal that would seek to raise revenue by altering a dozen tax provisions.

She advised Congress that the Treasury may exhaust its special accounting maneuvers to avoid running out of sufficient cash as soon as early June.

The government reached the statutory cap on borrowing in January and the Treasury has since been using special accounting measures to make cash available.

A bipartisan group of lawmakers introduced legislation that would allow President Biden to sign a tax agreement despite objections from China.

The Treasury Secretary said her department's ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted soon.